M&M has invested ₹371.43 crores to acquire a 26% stake in Gelos Solren Private Limited.
The investment aims to meet M&M's captive energy requirements and aligns with its sustainability goals. Gelos Solren plans to develop a hybrid power plant in Maharashtra. The investment represents about 1.05% of M&M's total investments based on its latest financial year data.
This strategic move is expected to enhance M&M's energy security, support its sustainability objectives, and ensure compliance with electricity regulations.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.
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